Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAASX Fund  USD 16.86  0.05  0.30%   
The current 90-days correlation between Alternative Asset and Multisector Bond Sma is 0.21 (i.e., Modest diversification). The correlation of Alternative Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Alternative Asset Correlation With Market

Very poor diversification

The correlation between Alternative Asset Allocation and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Asset Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alternative Asset Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Alternative Mutual Fund

  0.87FRBAX Regional BankPairCorr
  0.87FRBCX Regional BankPairCorr
  0.9JQLMX Multimanager LifestylePairCorr
  0.88JQLBX Multimanager LifestylePairCorr
  0.87JQLAX Multimanager LifestylePairCorr
  0.92JQLCX Multimanager LifestylePairCorr
  0.87JQLGX Multimanager LifestylePairCorr
  0.84JRBFX Regional BankPairCorr
  0.91JRETX J Hancock IiPairCorr
  0.84JRGRX Regional BankPairCorr
  0.94JRLDX Retirement Living ThroughPairCorr
  0.94JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.93JRLHX Retirement Living ThroughPairCorr
  0.93JRLKX Multi Index 2015PairCorr
  0.94JRLLX Retirement Living ThroughPairCorr
  0.93JRLOX Retirement Living ThroughPairCorr
  0.93JRLQX Retirement Living ThroughPairCorr
  0.93JRLPX Multi Index 2020PairCorr
  0.93JRLUX Multi Index 2045PairCorr
  0.92JRLWX Retirement Living ThroughPairCorr
  0.93JRLVX Retirement Living ThroughPairCorr
  0.92JRLZX Retirement Living ThroughPairCorr
  0.91JROUX J Hancock IiPairCorr
  0.92JRODX J Hancock IiPairCorr
  0.92JAAFX Jhancock Multi IndexPairCorr
  1.0JAAIX Alternative AssetPairCorr
  0.92JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.93JRTBX Retirement Living ThroughPairCorr
  0.93JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.93JRTDX Multi Index 2025PairCorr
  0.92JRTGX Retirement Living ThroughPairCorr
  0.93JRTFX Retirement Living ThroughPairCorr
  0.92JRTIX Multi Index 2030PairCorr
  0.91JAAVX Jhancock MultimanagerPairCorr
  0.92JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Asset Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alternative Asset's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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